Broker Name:Stephen Lee
Broker Email:info01@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Profitable Luxury Nail & Lash Lounge
(Hair & Beauty)
Dallas, Texas
Listed Price: $ 115,000
Listing ID: 000892

Listing DetailsDown Payment: $ 57,500
Gross Revenue: $ 320,000
Cash Flow: $ 60,000
FFE: $ 40,000 (Included in Price)
Inventory: $ 3,500 (Included in Price)
Reason for Sale:

Health issues


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Luxury nail salon with professional lash services placed in a fast growing city is available for acquisition. This business was established almost a decade ago in 2010 and was later acquired by the current owner in 2017. Most of the customers are middle to upper-class individuals that live in the surrounding densely populated area and the constant traffic from major highway placed next to this business. This business is easily visible from the street and has ample parking space to accommodate for large groups. Gross sales was $320,000/year that has shown a trend of consistency for the last several years of operation due to their large dedicated customer base and the luxurious interior build-out that attracts individuals to keep coming again. Although there is no marketing done at the current time other than word of mouth, other proactive marketing methods within the immediate market area is crucial for the further growth of this business as well as growing the customer base outside of the immediate market area. Competition can be expected for businesses within this industry, but this business differentiates itself from the competition by providing professional lash services that others don't have and the interior build-out that welcomes all individuals. There are many ways to proactively market this business such as direct mailing, social media outlets, student discounts, loyalty program, online booking services, extending operation hours and increasing workforce. Combining both online booking services and increasing the workforce will provide a healthy boost in sales by reaching out to individuals that has yet to realize this business is in the local area as the city is fast-growing. This premium nail and lash salon is in the perfect condition for a potential buyer to proactively market the business while being fully involved in the day-to-day business operation.


Competition:

Competition is expected for this type of business industry, but this business differentiates itself from the competition by their professional lash related services and the beautiful modern interior design.


Potential Growth:

There is no marketing done at the current time. Proactive marketing in the local area and through online resources is crucial to the further growth of this business.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 1968
Facilities:

This business is located in a 1,968 SF space of a premium retail strip center surrounded by high-end businesses and next to a major highway road with ease-of-access.


OperationYear Established: 2010
Employees: 2FT/1PT
Absentee Owner: No